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Share link:In this post: Christodoulos Patsalides says the eurozone is dealing with geopolitical challenges. ECB member Peter Kazimir has argued against lowering rates in September unless there are clear signs in the labour market. Gabriel Makhlouf believes the ECB should adopt a “wait-and-see” stance.
Share link:In this post: Shares of Europe’s biggest banks hit their highest levels since 2008, driven by long-term interest rate increases. Net interest income surged as 30-year bond yields in Germany and the UK rose above short-term yields. Valuations have reached book value, but still lag behind U.S. banks like JPMorgan and Goldman Sachs.
Share link:In this post: Balaji Srinivasan says there are many strong AIs, not one dominant model. AI shifts costs to prompting and verifying, not full automation. Crypto limits what AI can fake, especially with onchain data.
A surprise gap in US job data sparked a steep crypto retreat, pressuring Bitcoin and Ethereum prices. With ETF flows drying up and Fed policy in flux, all eyes are now on US stock market resilience.
- 07:18Korean National Tax Service: Due to the rise in crypto assets, the amount reported in overseas financial accounts increased by 46% compared to last year.According to a report by Jinse Finance, data from the Korean National Tax Service on the 26th shows that a total of 6,858 people declared overseas financial accounts amounting to 94.5 trillion Korean won this year. Compared to last year, the number of declarants increased by 1,901 (an increase of 38.3%), and the declared amount increased by 29.6 trillion Korean won (an increase of 45.6%). The National Tax Service analyzed that the increase in declarations this year was due to the rise in the value of crypto assets, leading to an increase in the number of virtual asset declarations, as well as a growth in the declared amount of stock accounts. Since 2023, crypto asset accounts have been included as declarable items. This year, the number of declarants for crypto asset accounts increased by 1,277 compared to last year, reaching 2,320, with a total declared amount of 11.1 trillion Korean won. Declarations of virtual asset accounts accounted for 27% of the total number of declarants and 12% of the total declared amount.
- 07:17ETH falls below $4,400Jinse Finance reports that according to market data, ETH has fallen below $4,400 and is now quoted at $4,399, with a 24-hour decline of 3.92%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 07:04Matrixport September Outlook: Bitcoin Consolidation Expected to Continue for 2-3 Weeks Until New Catalysts Drive Price VolatilityChainCatcher reports that Matrixport has released its September market outlook, stating that Bitcoin is currently at a stage where technical and macro factors are intertwined. This month will see key events such as non-farm payroll data, CPI, and the Federal Reserve's interest rate meeting, further increasing uncertainty. Even if the Federal Reserve chooses to cut rates, the market may not experience the expected rebound. Currently, Bitcoin is fluctuating in a key range between bullish and bearish positions, with most investors choosing to wait and see. The next focus should be whether this round of volatility is merely a phase of consolidation or a precursor to a trend reversal. Bitcoin's consolidation is expected to continue for another 2-3 weeks until a new catalyst drives price movement. Entering September, seasonal factors remain bearish; in the past ten years, four years ended with a decline, with an average drop of 2.5%.